Company News for June 22, 2012 - Corporate Summary

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•    Bed Bath & Beyond Inc. (NASDAQ: BBBY ) plunged 17% after it lowered on earnings forecast for the next quarter. This is despite the fact that late on Wednesday it reported first quarter earnings per share of $0.89, surpassing the Zacks Consensus Estimate of $0.84

•    Shares of CLARCOR Inc. (NYSE: CLC ) lost 8.9%, a day after it posted second quarter earnings per share of $0.65, missing the Zacks Consensus Estimate of $0.70. The company has also scaled down its earnings forecast for the full fiscal year ending November 2012

•    Micron Technology, Inc. (NASDAQ: MU ) fell 7.8%, a day after it reported third quarter loss per share of $0.32, lower than the Zacks Consensus Estimate loss of $0.19 by 13 cents

•    Shares of Red Hat, Inc. (NYSE: RHT ) dropped 6.2%, a day after it posted first quarter earnings per share of $0.20, higher than the Zacks Consensus Estimate of $0.19 by a penny

•    Steelcase Inc. (NYSE: SCS ) reported first quarter earnings per share of $0.13, matching the Zacks Consensus Estimate of $0.13

•    ConAgra Foods, Inc. (NYSE: CAG ) reported fourth quarter earnings per share of $0.51, beating the Zacks Consensus Estimate of $0.50 by a penny

•    Rite Aid Corporation (NYSE: RAD ) posted first quarter earnings per share of $0.01, higher than the Zacks Consensus Estimate loss of $0.04

•    CarMax, Inc. (NYSE: KMX ) posted first quarter earnings per share of $0.52, matching the Zacks Consensus Estimate of $0.52
 


 
BED BATH&BEYOND (BBBY): Free Stock Analysis Report
 
CONAGRA FOODS (CAG): Free Stock Analysis Report
 
CLARCOR INC (CLC): Free Stock Analysis Report
 
CARMAX GP (CC) (KMX): Free Stock Analysis Report
 
MICRON TECH (MU): Free Stock Analysis Report
 
RITE AID CORP (RAD): Free Stock Analysis Report
 
RED HAT INC (RHT): Free Stock Analysis Report
 
STEELCASE INC (SCS): Free Stock Analysis Report
 
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Business , Investing Ideas , Stocks

Referenced Stocks: BBBY , CAG , CLC , KMX , MU

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